SunTrust SunTrust Tenant ImprovementsTenant Improvements

June 30, 2015

• Background

• Current Situation

• Proposed Work

• Cost of Proposed Work

• Questions

Presentation OutlinePresentation Outline

• Background

• Current Situation

• Proposed Work

• Cost of Proposed Work

• Questions

Presentation OutlinePresentation Outline

Background

• February 19, 2014 BCC approved a 5 year lease at SunTrust for Property Appraiser and Tax Collector• Contained Tenant Improvement

Allowance of $15/SF• Used for new paint and carpet and

minor office modifications• Totals $739,605 ($15/SF X 49,307 SF)• Unused portion can be applied to rent

• Background

• Current Situation

• Proposed Work

• Cost of Proposed Work

• Questions

Presentation OutlinePresentation Outline

Current Situation

• No work has been started

• Cost estimates have been done

• $138,306 for Paint and Carpet (10 yrs. old)

• $453,896 for tenant modifications

• $592,202 Total

• $147,403 left to apply to rent reduction

• Background

• Current Situation

• Proposed Work

• Cost of Proposed Work

• Questions

Presentation OutlinePresentation Outline

Proposed WorkTax Collector Space

• 15th Floor• Create new reception space

• Half height wall

• Infill existing window in adjacent office

• Convert existing storage room to new office

• New paint and carpet throughout

• Provide engineering services for existing Server Room Fire Suppression System

Proposed WorkTax Collector Space

• 16th Floor• Demo existing walls where noted on drawings to build 4 new offices

• Create 12’ x 17’ Conference Room and new 39’ x 22’ Break Room in existing Finance Department space and relocate Finance to an adjacent area

• Expand existing Tax Collector office with removal of partition wall of the

adjacent office

• New paint and carpet throughout

Proposed WorkTax Collector Space

Cost Breakdown for Tax Collector

Renovations $201,778

Paint & Carpet $ 54,675

Total $256,454

Proposed WorkProperty Appraiser Space

• 15th Floor• Expand existing Training Room by repositioning the existing modular wall

• New paint and carpet throughout

• 16th Floor• Install new 1 hour rated wall enclosure and doors along hallway for separation from public stairwell

• New paint and carpet throughout

Proposed WorkProperty Appraiser Space

• 17th Floor

• Convert 2 existing 15’ x 11’ modular offices to offices with ceiling high walls

• Create new 20’ x 10’ Conference Room

• Convert existing 16’ x 9’ Work Room to new HR Office and utilize adjacent 12’ x 9’ Conference Room to recreate the Work Room

Proposed WorkProperty Appraiser Space

• 17th Floor (Continued)

• Extend walls to deck and add sound attenuation in wall in the Property Appraiser’s office

• Install new 1 hour rated wall enclosure and doors along hallway for separation from public stairwell

• New paint and carpet throughout

Proposed WorkProperty Appraiser Space

Cost Breakdown for Property Appraiser

Renovations $252,117

Paint & Carpet $ 83,631

Total $335,748

• Background

• Current Situation

• Proposed Work

• Cost of Proposed Work

• Questions

Presentation OutlinePresentation Outline

Cost for Proposed Work

Property Appraiser

Renovations $252,117

Paint & Carpet $ 83,631

Total $335,748

Tax Collector

Renovations $201,778

Paint & Carpet $ 54,675

Total $256,454

Cost of Proposed Work

Renovations $453,896

Paint & Carpet $138,306

Total $592,202

$147,403 for rent reduction

Questions?

SunTrust SunTrust Tenant ImprovementsTenant Improvements

SunTrust SunTrust Tenant ImprovementsTenant Improvements

June 30, 2015